The Commonwealth Bank of Australia wants a judge to ensure it doesn’t get hit with double the cost for work defending two shareholder class actions brought by rival plaintiffs law firms.
Luxury boutique retailer Watches of Switzerland has reached a settlement in principle with Transport for NSW to resolve its case alleging damages resulting from Sydney’s light rail project, a court has heard.
The Australian Securities and Investments Commission has added to logistics provider GetSwift’s legal woes, filing a lawsuit over the company’s alleged failure to disclose material information to shareholders about contracts with clients such as Amazon and Yum! Brands.
Sims Metal is facing a shareholder class action over an earnings guidance that allegedly failed to take into account a likely fall in scrap metal prices.
Global insurer Jardine Lloyd Thompson has won access to the identities of local councils suing it in a NSW class action brought by Quinn Emanuel alleging the broker charged the councils excessive premiums.
Foxtel and Optus contractor BSA may be hit with a class action on behalf of telecommunications technicians allegedly engaged as independent contractors so the company could avoid paying them certain entitlements.
Westpac has been hit with a class action for allegedly breaching responsible lending laws by providing unsuitable loans, the first of the big four banks to face a class action in the wake of the banking royal commission’s scathing final report.
Gladstone Ports has won access to draft expert reports prepared by Clyde & Co in its $100 million class action against the Queensland government owned organisation, with a judge ruling the documents were not privileged despite their not being used in the case.
A judge has reprimanded CIMIC Group’s preparations to defend a class action against it, saying a late attempt to file critical evidence was a sign something “pretty horrible” had gone on behind the scenes.
A judge has ruled for investors in a class action alleging they sank $12.3 million into a sports trading scam masterminded by convicted conman Peter Foster, saying they were entitled to recover their misappropriated money from the “notorious confidence trickster”.